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PayPal collected their fee .80 and pulled the $1.16 to pay the sales tax. So if you take the Sold price - Shipping (Grailed Label) - Grailed Fee - Paypal Fee = $434.09 Your ultimate amount released to your Paypal Account. Learn more about how zero insertion fee listings work, including the terms and exclusions for those listings. The site claims the increase was to improve the marketplace experience for all users. I apologize that I don't know what website you accept donations on or if they charge a fee independent from ours, but it looks like you're located in the US where our standard fee is 2.9% + $0.30 USD to receive payments. The retail experience is relatively straightforward and all items are authenticated in-house at one of StockX's warehouses around the world. Pros https://www.finalfees.com is neither endorsed by nor affiliated with any with them, nor is the accuracy of its results guaranteed. When the item sells on eBay.de, eBay will calculate your payout amount by converting the sales proceeds from EUR to USD using the transaction exchange rate applicable at the time of the sale. We do not sell items on paypaal, or paypal doe not do any advertisement for our items or no other paypal partner works for us. Sit back and relax while we do the work. The Grailed marketplaceallows people to sell men's clothes, shoes, and accessories from high-end designers. 2023 Digiday Media. For listing high-quality goods that are coveted. This is just speculation, but I'm guessing they'd pay out of their own pocket if they disagree with paypal in a case. Keep reading to find out how you can save time and money using DoNotPay, and check out these articles from the Fight and Waive Fees product series. While technically one entity, each still operates independently and are seemingly autonomous. Select the payment method you received based on buyer's location. Go to your, If your rate of 'Item not as described' return requests is evaluated in your. The Fight and Waive Fees product is just one of the many products DoNotPay offers that will save you time and money. GOAT focuses exclusively on footwear, predominantly recent drops and noteworthy collaborations. Pros At StockX, we only accept deadstock products meaning all sneakers, apparel, accessories, collectibles, and electronics must be authentic, new, and unworn., As a general rule, the resale values of coveted deadstock items that trade on StockX tend to appreciate over time, Cutler continues. Cons To attract the attention of more buyers, you add the Bold listing upgrade. Charged whether or not your item sells. Given our current sneaker climate and demand far outweighing supply, the converse is true as well. Check out some of the other product series and discover how you can save time and money using DoNotPay. See how it works. These platforms have, expanding their internal authentication teams, PFW Briefing: Lanvin digs into archives for partnership with beauty brand Carita, Week in Review: Milan Fashion Week edition, JCPenney kicks off Prabal Gurung collab with a Meatpacking District pop-up, Glossy Pop Newsletter: The Bold Glamour filter and just how far fake beauty can go, Este Lauder Companies Fabrizio Freda ranks second on Overpaid CEOs list. We may, in our sole discretion and without consent from or payment to sellers, display third-party advertisements (including links and references thereto) and listings from other sellers on any eBay page, Depending on the tax legislation of your country of residency, local Value Added Tax (VAT), Goods and Services Tax (GST) or similar consumption tax might apply in addition to your eBay fees. You're selling a trading card for $9,500 with free shipping. eBay's transaction exchange rate is composed of a base exchange rate plus a conversion charge. Popular brands:Nike, Louis Vuitton, Visvim, Levis, Raf Simons, Good for selling:Luxury menswear, streetwear, and sneakers. TheGrailed authentication pagedetails what is considers a high-risk item and this certainly meets the criteria. Once youre approved, GOAT assigns each seller a seller score, which begins at 90. Ebay also still has a much bigger user base. Once you actually sell an item, GOAT (like StockX) sends you a prepaid shipping label to send the sneakers to an authentication center. Currently, eBay accounts pay for any final value fee between 3.5% to 12.55%, with the addition of $0.30 per order across most categories. It was raised on August 12th, 2020 from 6%. "by the website an item is sold from".. for me, this is ebay. The move comes as eBay is in the midst of trying to take back its prominence in the world of sneaker resale. If your registered address is in the US, we charge an International fee if either: This fee is calculated as 1.65% of the total amount of the sale and is automatically deducted from your sales. Grailed puts your grail within reach. To list an item, there are 13 required fields, and at least 20 more optional ones. First 250 listings free per month, then $0.35 per listing, Music (except VinylRecordsand Music NFTs categories), Clothing, Shoes & Accessories > Women > Women's Bags & Handbags, Jewelry & Watches (except Watches, Parts & Accessories), Jewelry & Watches > Watches, Parts & Accessories, Sports Mem, Cards & Fan Shop > Sports Trading Cards > Sport Trading Card NFTs, Toys & Hobbies > Collectible Card Games > CCG NFTs, Musical Instruments & Gear > Guitars & Basses. While Flight Club recommends prices, sellers are allowed to list their own, which means often sneakers are priced above market. No matter which format you choose, there are some rules you should be aware of, so please take a moment to read our Real estate policy. Donating your closet castoffs is one option, but you can also try to get a decent return on your sartorial investment by selling your unworn or gently-used merch online. First, potential sellers must apply in order to list items on the website. The online marketplace exclusively for high-end men's designer clothes is Grailed. If you love high-end designer men's fashion but thought you couldn't afford it, then Grailed is the place for you. A final value fee is charged when an item is sold where eBay takes 10% of the sold price and shipping charge combined plus Paypal fees. Fees correlate directly with your seller score, with the lowest possible fees (9.5 percent) awarded to sellers with a score of 90 or above. How it works: StockX works as a live marketplace where buyers place a Bid to dictate the maximum amount theyre willing to pay for a product, and sellers list items with an auction-style Ask price or a flat-rate Sell Now price. Ebay takes all their fees in other ways so this is not coming from ebay and ebay directs me to paypal. In 2019, 6 million pairs of sneakers were sold through eBay, and $10 million worth of sneakers were sold on eBay in 2018, up from $2 million the year before. Kidizen Selling Fees: Kidizen selling fees are 12% + $0.50 of the sale price. For that reason, there are other better alternatives. Thanks in advance. 1, 3, 5, 7, or 10-day listing (1 and 3-day auction-style listings cost an additional $1). Whatever percentage you'd agreed to when deciding to promote your listing. Graileds 9% + 2.9% and 30 cent Paypal fee equates to 11.9% + 30 cents. By browsing this website, you consent to the use of cookies. That said, some sites work better than others. There are no fees for shopping or buying on Grailed. You can add up to 24 photos with zoom and enlarge, as well as schedule your listings to start and end at a future date and time, free of charge. just sit. I hope this helps and thank you for joining the Community! eBay is an online marketplace where users buy and sell products. How it works:Prospective sellers need to fill out an application through GOATs app. I am very sorry for any confusion this may have caused you, and the best place to look for the terms for this fee and how it is totaled would be on the service you used to sell the item. Consensus: While an iconic destination, Flight Club is predominantly a retail experience. Insertion fees for Classified Ads are $9.95 for a 30-day listing and there are no final value fees. Grailed Fees Anyone else flabbergasted at Grailed's fees now? For anyone who has sold clothes through a reseller, selling fees are a natural part of the process, with platforms taking a percentage of a sale, a flat fee or a tiered fee based on a sellers frequency of selling. ABOUT EBAY FEES. Gallery Plus According to the website, a grail is "the piece you obsess over but cannot ever find or afford." © 2023 Copyright Finalfees. New to the community? In this situation, the total amount of the sale is determined as follows: Additional final value fees may apply on sales in the following circumstances: Any additional final value fees will be calculated as a percentage of the total amount of the sale. The 200 Greatest Singers of All Time 9%. Youll also need to include all of the details such as the brand, size, material, condition, and more. Grailed mostly only sell luxury. Its up to you to determine whether to continue selling at one or both sites, but we have made made our argument and we rest our case. Cons In 2019, 6 million pairs of sneakers were sold through eBay, and $10 million worth of sneakers were sold on eBay in 2018, up from $2 million the year before. Flight Club only deals in new sneakers. This can happen on any platform, of course, but Grailed is the only one with the lack of integrity to claim an item has been authenticated without ever actually seeing it. Please keep in mind that not all optional listing upgrades are available with every listing tool and not all optional listing upgrades may be displayed across all our sites, services, applications, and tools. An avenue for Grailed users to ask each other questions, offer tips for buying and selling, share steals, discuss favorite purchases, and build the community. Enter the total amount charged for shipping to buyer. Additionally, authentication fees and duties (if you're an international shopper) can potentially add a significant price bump to any purchase. You can enhance your listings to help make them stand out by adding certain features, such as a subtitle, or bold font. An example of a partner fee would be the website Grailed who currently charges a 6% fee for sales on their website. You can receive your payment through bank transfer, which takes one to five business days; or by debit card, which can take a few hours or up to one to three business days. Post any item for free. I do best on Ebay. Check out our top picks below. PirateShipis our suggestion, and they make it easy to ship with USPS or UPS. How to Get Your Grailed Fees Waived Effortlessly. Newly Improved Ebay & Etsy Import System. The self-described stock market of things StockX began as a marketplace to determine the actual aftermarket value of hyped sneakers. For listing highly anticipated new releases. As Flight Club is a true consignor, you are only paid once your sneakers sell. How it works: Sellers are responsible for all listing details, including descriptions and photographs. For international payments, there is a payment processing fee of 4.99% + .49 USD. You're selling the latest version of a smartphone in used condition using a 10-day duration. Tags: jordan-brand, yeezy, adidas, nike, grailed, streetwear, resell, sneakers. Click Here To Try! From StockX to eBay, these online marketplaces will help turn your clothes and kicks (and more) into cash, Got Unworn Kicks and Closet Castoffs? Commission and selling fees: Three percent processing fee plus a transaction fee of eight to nine-and-a-half percent, depending on the items final sale price. Deduction on ebay fee for having an Ebay store(Basic, Premium, and Anchor Stores all charge the same rate). Click Here To Try It NowClick Here For Tutorial. For comparison, StockX brought in about, EBay isnt alone in lowering selling fees as a way to bring in more customers, though it is among the only ones to completely forego selling fees for one category. Since you aren't charging the buyer for shipping or any other costs, $424 is the total amount of the sale (includes 6% sales tax). I've managed to keep 100% positive feedback, but found myself being forced to bend over backwards for some less than desirable buyers. Insane. I says to find it in orders/ebay and it's not there, not hing i can find and any questions regarding this Partner fee directs me to this answer. They usually view the seller as guilty until proven innocent. What is Grailed's commission fee used for? Between fees, rolling admission and turn around time, as a new seller you may have missed the boat. GRAILED COMMISSION FEE 9% The Grailed Commission fee is applicable to domestic and international transactions. There are no fees for shopping or buying on Grailed. Amazon, Bonanza, Chairish, Craigslist, Depop, Ebay, Ecrater, Etsy, Facebook, Fiverr, Goat, Grailed, Kijiji, Letgo, Mercari, Newegg, Offerup, Paypal, Poshmark, Rakuten, Rubylane, StockX, Stripe, Tradesy are trademarks of their rightful owners. As the authoritative mens clothing marketplace, we know a thing or two about buying and selling, and we ranked the best places across the web to buy and sell sneakersincluding ourselves of course! This article will discuss how you may be able to fight or waive fees when selling on the Grailed marketplace and anywhere else you do business. Grailed is a popular marketplace that is known for menswear! Here are a few options to try. If you use the Classified Ad format, scheduling a listing will cost $0.10. Set a minimum price that must be met for your item to sell, $5.00 or 7.5% of reserve price, whichever is greater (maximum fee $250) Here is one of many Travis Scott burgers from McDonalds we saw posted when it was first released. With the ability to buy both new and used sneakers, Grailed has the best prices anywhere. Shipping is a flat fee, so prices are relatively straightforward. Select the merchant you want to appeal fees for and enter the details of your transaction, including an associated account if you have one. Getting paid:Etsys secure payment system allows sellers to accept credit and debit cards, Apple Pay, Etsy gift cards, Google Wallet, and PayPal. You are meeting our performance expectations. For each time a transaction is made grailed takes a 9% commission of the sold price plus Paypal fees. StockX will catch most fake items, while Ebay will not, but nor will they ever claim to be able to verify an item as authentic. Like Flight Club, Stadium Goods lets consigners set their own prices, however works with them in order to try and match market cost. Those below pay on a sliding scale, with the highest fees reaching 20 percent. Fortunately, selling fees on Grailed are slightly lower than many other large selling sites such as eBay. Grailed additionally allows you to sell used sneakers as well, unlike competitors who only allow brand new ("deadstock") sneakers on site. While the fees are a terrible deal for sellers, the lack of protection is bad for victims of fraud. Depending on your method of shipping, USPS labels will usually cost you about 15-40% less than what youll be paying if you purchase a label through Paypal. For each time a transaction is made grailed takes a 9% commission of the sold price plus Paypal fees. For sellers, Grailed feeshave gone up to 9%. In an effort to compete with other sneakerhead-beloved resale platforms, the online auction giant also unveiled an authentication partnership with SneakerCon to verify popular items listed at $100 and up. Here's how you can use DoNotPayto appeal fees: Saving time and money has never been so quick and easy. Beyond the most recent drops, vintage models such as 1985 Air Jordan 1s or early 2000s Nike SB Dunkssneakers competitors either do not have or simply cannot sourceregularly appear on the platform. Graileds digital moderators authenticate all items before they hit the marketplace, and the platform will also notify sellers if potential buyers ask questions or submit offers on items. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. eBays listings allow sellers to specify multiple categories, item specifics, condition, and many other details. Grailed takes a commission when your items sell. If you purchase an independently reviewed product or service through a link on our website, Rolling Stone may receive an affiliate commission. While this is a huge disappointment, there is no additional Paypal fee, so the 8% fee is about 3% less than the fee youll pay for selling on Grailed. As such, it is important that collectors and sellers maintain products in deadstock condition so that theyre able to realize these long-term value gains., If youre reselling hypebeast-beloved streetwear and athletic brands such as Supreme, Jordan, and Yeezy as well as in-demand collaborations with musicians like Travis Scott and Justin Bieber, Cutler says that inventory will typically see high demand and will appreciate over time. So how do we know who this partner is? A listing upgrade fee is charged with any additional upgrades to your listing, such as extra categories or bolded titles. Cons GOAT is an online only sneaker site that sells both new and lightly used sneakers. Sneakers are a key area for growth for eBay. With their new Managed Payments format, that number will now be 12.35% + 30 cents. For a monthly subscription, you can run your own eBay Store. Good for selling:Vintage and new clothing, sneakers, collectibles, music memorabilia, Popular brands:Jordan, Yeezy, Nike, Adidas, New Balance. Grailed fee: $3.03 ($1.80 Grailed commission + $1.23 payment processing fee) You make: $16.97 . Worth noting, on any site your likelihood of being scammed increases if you're selling hype items that appeal to a younger audience. 1999-2023 PayPal, Inc. All rights reserved. And what are the best ways to make sure you get the most money back from your unworn wares? But like the others, those interested in buying and selling may find the platform limiting. Here are some more articles to check out from the Fight And Waive Fees product series. How come. The move comes as eBay is in the midst of trying to, Sneakers are a key area for growth for eBay. The 500 Greatest Songs of All Time Keep in mind that all these still depend on the subscription model of the seller. The higher of the two final value fees is charged, if your item sells, Reserve price Pick out what category is your Ebay store. The seller has subsequently added some real photos, but the listing was posted and remained authenticated for two weeks while it only had the stock photos. Flight Club is a true retailer, and since all product is onsite in either a store or a warehouse, turnaround times are quick. Most categories, including Music > Vinyl Records and eBay Motors > Parts & Accessories, Automotive Tools & Supplies, and Safety & Security Accessories. For example, if your registered address is in the US and you create a listing on eBay.de for which fees are due (such as insertion and/or optional listing upgrade fees), eBay will convert your funds from USD to EUR using the transaction exchange rate applicable at the time of listing, in order to collect these fees. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Deduction on ebay fee for outstanding seller levels and performance. If you are unsuccessful in waiving the Grailed fee, there is a product to fight chargeback and a product that could assist you with returns as well. That said, if youre looking to enter the resell game, GOAT may prove difficult. If your category is not listed this means no additional deduction is given. . Commission and selling fees:For sellers listing 200 items or less, eBay does not charge an insertion or listing fee. If so, should I still have to worry about paying my eBay seller fees? Grailed is currently made up of four marketplaces. Today, the company sells everything from streetwear to watches and handbags, all of which are in brand new condition. EBay typically charges around 10% of the items sale value, with variations based on the product sold and the sellers account tier. Sneakers are a key area for growth for eBay. Who is this partner? Sneaker prices vary by size, with the lowest price available for any given size listed first, with more expensive options for those who want sneakers as quickly as possible. Buying sneakersnew or otherwisecan be a challenge. One of the first sneaker consignment shops, Flight Club transformed from a simple retailer to a powerful online sneaker buying and selling platform. For example, while eBay charges around 10% commission, Grailed's selling fees are only 9%, saving you a little money on each sale. We charge an insertion fee and applicable optional listing upgrade fees when you list your item for the first time, and each time it renews. Listing items is not for the faint of heart. Commission and fees:Grailed takes a commission fee of nine percent, and sellers are also charged a PayPal payment processing fee of 2.9 percent plus 30 cents for domestic transaction and 4.4 percent plus 30 cents for international transactions. And were still not done. I am also and have no idea why. So how does this 9% fee stack up? Enter the total amount sold before fees & excluding shipping charges. Cons I sold an item on eBay. If you need to refund the buyer or cancel the sale, you may be eligible for fee credits as per our fee credits policy. On top of the fee structure, each sale invokes an additional flat region-dependent tax that ranges from $5-$30. This means it is most likely that your fees will be higher when selling on Grailed than on Ebay once you account for shipping. Between raffles, bots and surprise drop dates, managing to score the sneakers you actually want is more difficult than ever. If you run out of free listings, a $0.30 . It's a pretty common practice for most selling services because it allows them to deduct their fee with each item sold instead of a separate billing. Grailedhas recently faced some backlash from users after raising their fee / commission to 9%. Charged per listing and per category. Please note that for international payments processed through PayPal, the payment processing fee may vary based on the location of the buyer's PayPal billing address. The products work across all products and services in every city and state. If you list an item on another eBay site (for example, eBay.com.au or eBay.co.uk), the fees for that site will apply, Seller fees don't purchase exclusive rights to web pages on eBay. That's less than half a percent difference, in favor of Grailed. The fees and benefits vary depending on the type of Store subscription you choose. The total amount of the sale includes the item price, any handling charges, the shipping service the buyer selects, sales tax, and any other applicable fees. Here is an overview of fees, credits, and invoices on eBay. If your registered address is not in the US, please refer to the fee page for your country or region of residence for your seller currency conversion charge information. If you compare them, you are sure to find one that has a more agreeable seller's fee. That said, higher fees and longer wait times make selling on StockX a longer process than competitors. eBay is an online marketplace where users buy and sell products. eBay Cracks Down on Sneaker Counterfeits With Authenticity Guarantee Program For listing mainstream brands that are well-known. All Rights Reserved. GOAT is significantly more complex for sellers than other platforms. 10 people found this solution to be helpful. What separates eBay from other sellers is our strong partnerships with other brands. For those searching for mainstream new or lightly used sneakers, GOAT is a solid place to buy. Your Guide to the Best Menswear Fashion Deals, But were not finished. Flight Club operates under a traditional consignment model. Good for selling:Streetwear and sneakers, Popular brands: Jordan, Nike, Supreme, Off-White, Yeezy. If you're a registered 501(c)(3) non-profit, then our fee is2.2% + $0.30 per transaction. PayPal fees are then added to that. Newly Improved Ebay & Etsy Import System. Grailed is a true marketplace, meaning we dont offer a traditional SKU systembut we do have SKUs for a massive amount of in-demand sneakers, with more added regularly! This is a. But were not finished. For other items that sell, theres a final value fee of two to 12.85 percent depending on the products category. Since Flight Club is still technically a brick and mortar store, prices tend to be a bit steeperthey have to cover rent and inventory. Do not waste your time searching for solutions when DoNotPay has you covered without all the work. Getting paid:Some of the most common payment methods include PayPal, credit or debit cards, and Apple and Google Pay. Pay, shop, and do even more on the PayPal app. In order to sell, a user must fill out a sell form by finding the product and listing it on the website. Privacy Policy. What are the seller fees? For US domestic payments, there is a payment processing fee of 3.49% + .49 USD. Its terribly misleading to potential buyers and a real shame if the cost of this service contributed to them deciding to increase their fee. Cons 20% difference. For sneakers, there is no authentication process in place like the robust processes that StockX or GOAT have. Press question mark to learn the rest of the keyboard shortcuts. If you have already completed the transaction, you can contact customer service and request the fee be refunded. All Rights reserved. Grailed is an online fasion marketplace focused on vintage, high-end, and popular street brands such as, Champion, Nike or Gucci.